DOING BUSINESS IN CANADA IN 2019

Since 2003, Healy Consultants Group PLC has assisted our Clients who are residents as well as foreigners with starting their company in Canada. Our services include i) Canada foreign business registration ii) assistance to license the company iii)corporate bank account opening services in Canada and abroad iv) employee recruitment v)visa strategies and vi) office rental solutions.

Canada business setup summary

Press the link headings below to read detailed, relevant, up to date information.

Advantages and disadvantages

Advantages of Canada company registration

It is easy for foreigners to start a business in Canada as only i) one shareholder and ii) one director are required to establish the company. There is also no restriction on their nationality and the minimum paid-up capital for registration of a Canadian company is only US$1 (CAD1);

Our Clients often choose to start their subsidiary company in Canada to access foreign markets because:

A company registered in Canada and exporting locally manufactured products and services to the United States and Mexico can do so free of custom duties, thanks to the North American Free Trade Agreement (NAFTA);

Such advantage allow Canadian businesses to tap into a market representing i) 480 million people and ii) an aggregate value of USD21,000 billion, the second largest in the world after the European Union;

Canada has also signed 15 free trade agreements with over the quarter of the world countries. Local companies hence benefit from the 13th largest foreign market size in the world according the World Economic Forum;

Our Clients running a company in Canada will also be able to use excellent infrastructure to sell their products and services abroad: local road, railroad and maritime networks are ranked amongst the 25 best in the world;

For all the reasons listed above, the World Bank ranks Canada as the 44th best place to trade across borders.

Our Clients running their business in Canada will pay lower taxes than they would elsewhere because:

Business setup in Canada also confers certain tax benefits: losses can be carried forward up to twenty years. It is also possible for a shareholder to defer some personal income tax by retaining earnings at the company level;

For all the reasons listed above, Canada is ranked by the World Bank as the 9th best country in the world for its tax system. Total taxation over a business’ earning only averages 21%, to be compared with 41% amongst OECD countries.

It is possible to obtain employment and entrepreneurial visas for yourself and your staff after Canada business setup.

Canada is one of the most cost competitive countries; the cost of operations is less than in the US, UK, Australia, Germany or Japan;

It is also the second most attractive destination for businesses involved in digital services, R&D services, corporate services, and manufacturing.

Disadvantages of Canada company registration

All Canadian companies have to appoint at least one resident director. If needed, Healy Consultants can provide our Clients with nominee services for Canada director. Kindly refer to this resident director page for further details;

Companies for which over 50% of the voting shares are held by non-residents are subject to higher corporate tax rates, which can reach up to 36% depending on the province of incorporation;

Required appointments

Key facts

To help us engineer the optimum Canada corporate structure, please complete the 3-minute questionnaire below; then press the submit button below.

This data remains confidential and is not sold to third-parties.

Within 5 hours, one of our senior staff will ring or email you:

Company purpose?

Will the LLC be a trading company or a holding company?Will the entity be a subsidiary of a foreign company?The LLC will be tax resident? Having local customers and local staff and local suppliers?The entity will receive investment income or professional services fees or sales from trading with multi-national customers?Is double taxation treaty access important?Do you need our help to legally minimize your international tax obligations?Do you need our help to increase e-commerce sales (click link)?

Company structure?

Will the shareholders be individuals or corporate?In what country do you require a corporate bank account? Refer to this web page (click link) for ideasDo you need multi-currency corporate visa debit cards?Do you need a resident director?Nationality of shareholders and directors?Expected annual sales and net profits?Does the entity need a special regulatory license or import or export license?Additional comments?

Tell us about your existing business?

Name of your existing company?Your business web site address?What products and services does your company supply?How many years are you operating this business?Is your Firm regulated by a Government agency?In what country are the majority of your customers?In what country are the majority of your suppliers?

Tell us about you?

Your name?Your email address?What country are you based in?Specifically, what deliverables (click link) do you need?What is your US$ budget for the services you need?What does quality customer service mean to you?

How do we contact you?

For now, do you prefer Healy Consultants PLC staff to phone you, or just email reply you with some corporate solutions?If a phone call, on what number can our senior Consultant call you?If an email, what email address can our Consultant email you at?What is your preferred date and time for a phone call?In what language do you prefer we communicate with you?What matters would you like to discuss during the call; the agenda?

Thank you for taking the time to complete this important questionnaire. It will help us to timely complete your engagement with minimum inconvenience to you.

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In the unfortunate case that the questionnaire cannot be submitted, please click on the "Export" button to download the PDF export with your form entries. You can submit this PDF document together with your request to us by email to email@healyconsultants.com. By exporting the form and ensuring the required fields are completed, you agree to the Privacy Policy and consent to the collection of your personal data above.

Contact us

Testimonial

“Pirster Pte is happy with the work that Healy Consultants undertook for the company. International incorporation can be fraught with opacity, anxiety and vulnerability - especially if it is being done remotely as we did. Healy Consultants worked really hard to make it transparent, straight forward and confidence-inspiring. I look forward to working with Healey Consultants again on future work and happily recommend them to others.”

Fiona Thompson, Managing Director Pirster Pte.

“We had taken Healy Consultants assistance in incorporating our entities in some of the complicated jurisdictions. Their approach right from the beginning has been very systematic, clear and efficient. It has been a pleasure to work with all of them.”

“Thank you Healy Consultants for swiftly project managing my engagement. From the moment I met you in Singapore Healy Consultants attended to my requirements and specific needs. I am more than satisfied with your service. Moreover, your weekly updates allowed me to continue to focus my attention on my global business while trusting you to deliver as promised.”

“Thank you Healy Consultants, you were instrumental in setting up of my Hong Kong based company, the whole process was completed in a professional and timely manner.”

Terry Skews, CEO Brittany Offshore Limited

“Healy Consultants, a professionally managed firm with clear understanding and knowledge about what client expects from them and delivers the same in a professional and timely manner. Kudos to their team.”

“Incorporating any company is comparable to setting the foundation blocks of your new company building, which you aim to build in the best location available. By choosing Healy Consultants you are laying the perfect foundations.”

“The one word that defines Healy Consultants is perfect professionalism. If you have Healy to set up your business abroad, you could focus on the operational overhead and let Healy take care of the rest. From Incorporation to Taxation, it’s a one stop solution. Rest assured, you will have the best people in the Industry working for you and providing you with the best possible information and suggestions.”

Raja Chakraborty, Director Streamlyn Pte. Ltd.

“Thank you Healy Consultants for successfully project managing our business set up in Kuwait, Lebanon, Qatar and Bahrain.”

“When it was time to establish a Space Academy in Singapore, TriVector needed a knowledgeable firm that could not only help us establish our infrastructure, but could also advise on the local and regional business climate. Healy was that firm, which is why we've been satisfied Healy Consultants for almost five years now.”

“Healy Consultants were instrumental in the set up of our company. They have continued to provide exceptional support and advice over the years.”

Susan Gunnery, Managing Director Qudoss Group

“Healy Consultants is the best firm that we have ever worked with. Through our entire business relationship we were satisfied with provided level of quality and services. Healy Consultants have been responsive and detail oriented which has allowed us to stay focused on our business and not getting distracted with small details.”

Testimonial

“Pirster Pte is happy with the work that Healy Consultants undertook for the company. International incorporation can be fraught with opacity, anxiety and vulnerability - especially if it is being done remotely as we did. Healy Consultants worked really hard to make it transparent, straight forward and confidence-inspiring. I look forward to working with Healey Consultants again on future work and happily recommend them to others.”

Fiona Thompson, Managing Director Pirster Pte.

“We had taken Healy Consultants assistance in incorporating our entities in some of the complicated jurisdictions. Their approach right from the beginning has been very systematic, clear and efficient. It has been a pleasure to work with all of them.”

“Thank you Healy Consultants for swiftly project managing my engagement. From the moment I met you in Singapore Healy Consultants attended to my requirements and specific needs. I am more than satisfied with your service. Moreover, your weekly updates allowed me to continue to focus my attention on my global business while trusting you to deliver as promised.”

“Thank you Healy Consultants, you were instrumental in setting up of my Hong Kong based company, the whole process was completed in a professional and timely manner.”

Terry Skews, CEO Brittany Offshore Limited

“Healy Consultants, a professionally managed firm with clear understanding and knowledge about what client expects from them and delivers the same in a professional and timely manner. Kudos to their team.”

“Incorporating any company is comparable to setting the foundation blocks of your new company building, which you aim to build in the best location available. By choosing Healy Consultants you are laying the perfect foundations.”

“The one word that defines Healy Consultants is perfect professionalism. If you have Healy to set up your business abroad, you could focus on the operational overhead and let Healy take care of the rest. From Incorporation to Taxation, it’s a one stop solution. Rest assured, you will have the best people in the Industry working for you and providing you with the best possible information and suggestions.”

Raja Chakraborty, Director Streamlyn Pte. Ltd.

“Thank you Healy Consultants for successfully project managing our business set up in Kuwait, Lebanon, Qatar and Bahrain.”

“When it was time to establish a Space Academy in Singapore, TriVector needed a knowledgeable firm that could not only help us establish our infrastructure, but could also advise on the local and regional business climate. Healy was that firm, which is why we've been satisfied Healy Consultants for almost five years now.”

“Healy Consultants were instrumental in the set up of our company. They have continued to provide exceptional support and advice over the years.”

Susan Gunnery, Managing Director Qudoss Group

“Healy Consultants is the best firm that we have ever worked with. Through our entire business relationship we were satisfied with provided level of quality and services. Healy Consultants have been responsive and detail oriented which has allowed us to stay focused on our business and not getting distracted with small details.”

“Not only did Healy Consultants have expert knowledge of local requirements, they also understood my needs as a foreigner, which is something lacking with the Singaporean consulting firms I spoke to. They drove the process from start to completion. I’m more than satisfied with the service.”